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Lordstown, Foxconn Delay Factory Sale Deadline to Mid-May

Lordstown Motors Corp. agreed to push back the deadline to sell its Ohio factory to Hon Hai Precision Industry Co Ltd., known as Foxconn, dragging out the closure of the vital partnership and offering no guarantee that it will get done.

April 29, 2022

Despite Gains, Challenges Remain for Adoption of Alt-Fuel Trucks

Record-high diesel fuel prices are creating some painful sticker shock moments at the pump for truck lines and shippers. Yet, those rising costs aren’t necessarily driving a dramatic uptick in adoption of alternative-fueled vehicles in the Class 8 heavy-truck sector.

April 29, 2022

Exxon Profits Surge

NEW YORK — Exxon Mobil reported $5.48 billion in net income during the first quarter as oil and gas prices rose steadily, more than doubling its profits compared with the same quarter last year.

April 29, 2022

Top Democrats Push for FTC Crackdown on High Gas Prices

WASHINGTON — Citing growing worries about high gasoline prices, Democratic leaders announced an effort April 28 to give the Federal Trade Commission increased authority to crack down on companies that engage in price gouging.

April 28, 2022

Nikola Sees Energy Transition in Arizona Desert

COOLIDGE, Ariz. — Several customers’ recently completed Nikola Tre Class 8 battery-electric trucks sat ready for delivery inside Nikola Corp.’s new assembly plant, a scene described by company executives as a watershed moment since the white cabover BEVs will generate 7-year-old Nikola’s first-ever quarterly revenue.

April 28, 2022

Rivian Reaches Deal in Georgia for Environmental Standards

A development authority east of Atlanta has voted to approve an ā€œeconomic development agreementā€ for the planned $5 billion Rivian factory, outlining terms with the electric vehicle company, including environmental standards and taxpayer-backed incentives.

April 28, 2022

FMCSA Issues ā€˜Notice of Intent’ to Require Speed Limiters on Heavy Trucks

The Federal Motor Carrier Safety Administration on April 27 issued a notice of intent to move forward with a rulemaking to require the use of speed limiters for commercial motor vehicles.

April 27, 2022

Ford Eyes EV Market Leadership With Launch of F-150 Lightning

Ford Motor Co. is officially planting its flag with the launch of an all-electric version of America’s best-selling pickup truck, aiming to overtake Tesla Inc. and lead the electric vehicle market.

April 27, 2022

Dems Consider Legislative Moves to Cut Gas Prices

House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer met on April 27 to discuss possible legislation to reduce gas prices, according to a Democratic aide.

April 27, 2022

The Big EV Charging Mystery: How Long Does It Take?

How long does it take to ā€œfill upā€ an electric car? Well, that depends on the car … and the charger … and how many other cars are plugged into the charger … and how full the battery is to begin with … and, oh yeah, the weather matters, too.

April 27, 2022